New Federal Reserve No. 2 Signals Support for Bank Oversight Agenda

Federal Reserve Vice Chairman Stanley Fischer on Thursday signaled support for the central bank’s post-crisis regulatory agenda, in his first speech since taking the Fed’s No. 2 job.

Mr. Fischer praised the Fed’s stress-testing program for banks and new requirements that big banks hold higher levels of loss-absorbing capital, throwing in his lot with other Fed officials in backing two pillars of the Fed’s response to the financial crisis.

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.